Potential Grab, Trans-cab merger could block entry and expansion of rival ride-hailing platforms: Competition watchdog

  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 34 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 66%

United States News News

United States United States Latest News,United States United States Headlines

The Competition and Consumer Commission of Singapore has raised concerns over how Trans-cab drivers may use other platforms, should Grab succeed in its proposed takeover of the taxi operator.

SINGAPORE: Tech firm Grab's proposed takeover of Trans-cab could affect how drivers employed by the taxi operator use other ride-hailing platforms, Singapore's competition watchdog said on Monday .

Both parties expect the deal to close in the fourth quarter of 2023, subject to regulatory approvals and other customary closing conditions. Grab and Trans-cab have argued that the acquisition will not result in a substantial lessening of competition, citing"minimal overlaps" between them; a lack of prohibitive barriers to entry; and a highly fragmented and competitive rental market.Alvin Tan on evaluation of proposed acquisition of Trans-cab for anti-competitive practices

It has since flagged raised these concerns with Grab and Trans-cab, and will"review the competition effects of the proposed acquisition in greater detail".

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 6. in US

United States United States Latest News, United States United States Headlines